If X Is a Binomial Random Variable Where N =

question 115

Multiple Choice

If x is a binomial random variable where n = 100 and p = .1, find the probability that x is less than or equal to 10, using the normal approximation to the binomial.

• A) .9544
• B) .0446
• C) .5662
• D) .4325

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Definitions:

Annual Dividend

The annual dividend is the total amount of dividends that a company pays to its shareholders in one fiscal year.

Indefinitely

For an unlimited or unspecified period of time, often used in the context of contracts or agreements.

Rate of Return

The increase or decrease in the value of an investment during a set timeframe, represented as a proportion of the investment's initial expense.

Dividends

Payments made by a corporation to its shareholder members, representing a distribution of the company's profits.